Baird Increases Micron (MU) PT, Keeps Outperform Rating

Micron Technology, Inc. (NASDAQ:MU) is one of the 13 Best Large Cap Stocks to Buy Right Now. On June 26, Baird increased its price target for Micron Technology, Inc. (NASDAQ:MU) from $163 to $200 while keeping an “Outperform” rating.

The research firm pointed to accelerated gains in the company’s share of the high-bandwidth memory (HBM) market.

A close-up view of a computer motherboard with integrated semiconductor chips.

Micron Technology, Inc. (NASDAQ:MU) expects to hit its HBM market share goal in the second half of 2025, sooner than previously expected. The company is shipping HBM in large amounts to four customers across both graphics processing units (GPUs) and application-specific integrated circuits (ASICs).

Baird noted that customer inventories are healthy across all end markets. So far, any tariff-related pull-ins have been described as modest. Micron Technology, Inc. (NASDAQ:MU) expects to finish fiscal 2025 with tight DRAM inventories, much lower NAND inventories, and overall inventories reaching targeted levels.

The research firm described Micron Technology, Inc.’s (NASDAQ:MU) progress and growth potential in HBM and low-power DRAM as “transformational.” These areas are seen as important growth drivers for the companies, especially as demand for memory in AI applications grows.

Micron Technology, Inc. (NASDAQ:MU) is an American producer of computer memory and computer data storage that is known for its innovative memory and storage solutions.

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Disclosure: None. This article is originally published at Insider Monkey.